SCCP-99: Increase loans and shorts cap to sUSD 110 million from sUSD 90 million
| Author | |
|---|---|
| Status | Rejected |
| Type | Governance |
| Network | Ethereum |
| Implementor | TBD |
| Release | TBD |
| Created | 2021-05-12 |
Simple Summary
The current maxDebt was configured to be sUSD 90 million in SCCP-95 has been reached, this sccp proposes to increase it to sUSD 110 million given the increased demand for shorts.
Abstract
The cap if increased to sUSD 110 million allows users to continue to take loans and shorts without interruption.
Motivation
Total debt has already been reached. Therefore raising the cap will allows users to continue to open short positions without interruption.
Copyright
Copyright and related rights waived via CC0.